Activision Blizzard, Inc. (NASDAQ:ATVI) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 22,750,000 shares, a decrease of 6.9% from the September 30th total of 24,430,000 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 7,590,000 shares, the short-interest ratio is currently 3.0 days.
NASDAQ:ATVI opened at $53.28 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.43 and a quick ratio of 3.38. The firm has a 50-day moving average of $54.52 and a two-hundred day moving average of $49.60. The stock has a market cap of $41.06 billion, a P/E ratio of 22.29, a PEG ratio of 2.40 and a beta of 0.87. Activision Blizzard has a 1-year low of $39.85 and a 1-year high of $57.52.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Activision Blizzard had a net margin of 23.66% and a return on equity of 13.91%. The firm’s revenue for the quarter was down 27.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. As a group, equities analysts expect that Activision Blizzard will post 2.03 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. Lyell Wealth Management LP boosted its position in Activision Blizzard by 15.3% in the 3rd quarter. Lyell Wealth Management LP now owns 34,155 shares of the company’s stock valued at $1,807,000 after buying an additional 4,540 shares during the last quarter. Rational Advisors LLC boosted its position in Activision Blizzard by 343.6% in the 3rd quarter. Rational Advisors LLC now owns 10,824 shares of the company’s stock valued at $573,000 after buying an additional 8,384 shares during the last quarter. Bogart Wealth LLC boosted its position in Activision Blizzard by 31.0% in the 3rd quarter. Bogart Wealth LLC now owns 8,126 shares of the company’s stock valued at $430,000 after buying an additional 1,924 shares during the last quarter. Close Asset Management Ltd boosted its position in Activision Blizzard by 52.8% in the 3rd quarter. Close Asset Management Ltd now owns 82,836 shares of the company’s stock valued at $4,383,000 after buying an additional 28,633 shares during the last quarter. Finally, Corient Capital Partners LLC boosted its position in Activision Blizzard by 24.0% in the 3rd quarter. Corient Capital Partners LLC now owns 9,319 shares of the company’s stock valued at $493,000 after buying an additional 1,802 shares during the last quarter. 87.59% of the stock is owned by institutional investors.
A number of analysts have recently commented on ATVI shares. Argus restated a “focus list” rating on shares of Activision Blizzard in a report on Friday, November 15th. Credit Suisse Group dropped their price objective on Activision Blizzard from $65.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. SunTrust Banks upped their price objective on Activision Blizzard from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, October 11th. BidaskClub downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America set a $62.00 price target on Activision Blizzard and gave the company a “buy” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.30.
Activision Blizzard Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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